Restaurant, Coffee Shop & Pub Franchise opportunities to start in Totton
What to consider when opening a franchise in Totton
Are you considering opening a franchise? Totton, in South East England, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while managing your own business. Have a look at the brands currently recruiting in New Forest. Start by looking for franchise opportunities in the line of work you are most interested in. This will most likely lead you to a brand that sparks your curiosity.
The population of New Forest is 180,000. The majority of the population falls within the 60+ age category. The average annual salary across the UK is £30,629. With a gross income averaging £29,193, residents of New Forest have a salary in line with the national average.
Why start a business in the Restaurant industry?
Are you interested in running your own business in the Restaurant sector? Take a look at our 88 franchise options available in this sector. Have a look through our two Food Truck franchises, four Halal franchises, five Sandwich franchises, five Noodle Bar franchises and two Burger franchises to find out if any suit your career goals and aspirations. If you want to operate a business in the Hospitality and Food Services industry, it could be useful to know that companies in the industry currently employ 7,000 people in the New Forest area.
Three franchise businesses worth reading about
The Restaurant industry has many franchise options available, such as Bella Italia. By joining its current 100 franchisees, you would be joining a growing brand network. This business opportunity requires a significant initial investment of £700,000. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Bella Italia requires a minimum personal investment of £350,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. You will also need to invest in a large premises to operate this business. By investing in this franchise, you may qualify for financial assistance.
Las Iguanas could be another good option for you to invest in. By joining its network of 55 franchisees, you could play a part in this brand's success. You will need an initial investment of £700,000 to start your own Las Iguanas business. Your personal investment should account for at least £350,000 of the total amount. You may want to think about getting a loan to start a business in this sector. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. If you can't afford the startup costs on your own, you could see if you qualify for financial aid.
As a final example, check out Wok&Go. There are 26 outlets open so far, and the network is expanding. To start your business, you will need an initial investment of £200,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For Wok&Go, the minimum personal investment is £100,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See eligibility details on our website.
If you would like to take a look at more new business investment options in the Restaurant industry, we currently have 88 available opportunities. If you are still not sure which sector best suits your needs, have a look through our selection of close to 250 franchising opportunities across different sectors on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.